þ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
o | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
US Airways Group, Inc. | Large accelerated filer o | Accelerated filer þ | Non-accelerated filer o | Smaller reporting company o | ||||
US Airways, Inc. | Large accelerated filer o | Accelerated filer o | Non-accelerated filer þ | Smaller reporting company o |
US Airways Group, Inc.
|
Yes o | No þ | ||
US Airways, Inc.
|
Yes o | No þ |
US Airways Group, Inc.
|
Yes þ | No o | ||
US Airways, Inc.
|
Yes þ | No o |
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Exhibit 10.1 | ||||||||
Exhibit 10.2 | ||||||||
Exhibit 10.3 | ||||||||
Exhibit 10.4 | ||||||||
Exhibit 10.5 | ||||||||
Exhibit 10.6 | ||||||||
Exhibit 10.7 | ||||||||
Exhibit 10.8 | ||||||||
Exhibit 10.9 | ||||||||
Exhibit 31.1 | ||||||||
Exhibit 31.2 | ||||||||
Exhibit 31.3 | ||||||||
Exhibit 31.4 | ||||||||
Exhibit 32.1 | ||||||||
Exhibit 32.2 |
2
|
the impact of future significant operating losses;
|
||
|
economic conditions;
|
|
a reduction in the availability of financing and changes in prevailing interest rates
that result in increased costs of financing;
|
|
our high level of fixed obligations and our ability to obtain and maintain financing for
operations and other purposes and operate pursuant to the terms of our financing facilities
(particularly the financial covenants);
|
|
our ability to maintain adequate liquidity;
|
|
labor costs and relations with unionized employees generally and the impact and outcome
of labor negotiations, including our ability to complete the integration of the labor groups
of US Airways Group and America West Holdings;
|
|
our reliance on vendors and service providers and our ability to obtain and maintain
commercially reasonable terms with those vendors and service providers;
|
|
the impact of fuel price volatility, significant disruptions in the supply of aircraft
fuel and further significant increases to fuel prices;
|
|
our reliance on automated systems and the impact of any failure or disruption of these
systems;
|
|
the impact of the integration of our business units;
|
||
|
the impact of changes in our business model;
|
|
competitive practices in the industry, including significant fare restructuring
activities, capacity reductions and in court or out of court restructuring by major
airlines;
|
|
the impact of industry consolidation;
|
||
|
our ability to attract and retain qualified personnel;
|
|
the impact of global instability, including the current instability in the Middle East,
the continuing impact of the military presence in Iraq and Afghanistan and the terrorist
attacks of September 11, 2001 and the potential impact of future hostilities, terrorist
attacks, infectious disease outbreaks or other global events that affect travel behavior;
|
|
changes in government legislation and regulation;
|
3
|
our ability to obtain and maintain adequate facilities and infrastructure to operate and
grow our route network;
|
|
the impact of environmental laws and regulations;
|
|
costs of ongoing data security compliance requirements and the impact of any data
security breach;
|
|
interruptions or disruptions in service at one or more of our hub airports;
|
||
|
the impact of any accident involving our aircraft;
|
||
|
delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity;
|
||
|
the impact of weather conditions and seasonality of airline travel;
|
||
|
the cyclical nature of the airline industry;
|
|
the impact of possible future increases in insurance costs and disruptions to insurance
markets;
|
|
the impact of foreign currency exchange rate fluctuations;
|
||
|
our ability to use pre-merger NOLs and certain other tax attributes;
|
||
|
our ability to maintain contracts that are critical to our operations;
|
||
|
our ability to attract and retain customers; and
|
|
other risks and uncertainties listed from time to time in our reports to the Securities
and Exchange Commission.
|
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
Three Months Ended
March 31,
2009
2008
$
1,611
$
1,953
551
657
24
36
269
194
2,455
2,840
378
823
27
(117
)
551
563
604
734
178
178
174
213
131
145
92
104
6
26
60
50
279
317
2,480
3,036
(25
)
(196
)
6
29
(71
)
(61
)
(13
)
(9
)
(78
)
(41
)
(103
)
(237
)
$
(103
)
$
(237
)
$
(0.90
)
$
(2.58
)
$
(0.90
)
$
(2.58
)
114,121
92,023
114,121
92,023
Table of Contents
Table of Contents
Three Months Ended
March 31,
2009
2008
$
187
$
(25
)
(135
)
(150
)
(90
)
20
151
3
37
5
52
(48
)
(36
)
(74
)
(117
)
(105
)
(149
)
221
251
(1
)
(3
)
115
99
228
(43
)
1,034
1,948
$
1,262
$
1,905
$
32
$
9
9
45
$
63
$
70
Table of Contents
Table of Contents
December 31, 2008
As Adjusted
As Reported
$
3,623
$
3,634
1,789
1,749
(2,336
)
(2,307
)
Three Months Ended
March 31,
2009
2008
$
5
$
1
26
$
6
$
26
(a)
(b)
(c)
Table of Contents
Three Months Ended
March 31,
March 31,
2009
2008
$
(103
)
$
(237
)
114,121
92,023
$
(0.90
)
$
(2.58
)
March 31,
December 31,
2009
2008
$
1,168
$
1,184
1,835
1,674
519
540
47
47
39
39
32
32
3,640
3,516
200
200
217
207
74
74
77
72
29
29
10
10
70
45
677
637
4,317
4,153
(160
)
(168
)
(423
)
(362
)
$
3,734
$
3,623
Table of Contents
Three Months Ended
March 31,
2009
2008
$
123
$
249
63
63
263
263
13
13
23
22
31
27
34
38
6
6
48
53
$
604
$
734
Table of Contents
Three Months Ended
March 31,
2009
2008
$
197
$
(81
)
(170
)
(36
)
$
27
$
(117
)
Table of Contents
Quoted Prices in
Significant Other
Significant
Active Markets for
Observable
Unobservable
Identical Assets
Inputs
Inputs
Valuation
Fair Value
(Level 1)
(Level 2)
(Level 3)
Technique
$
180
$
$
$
180
(1
)
(205
)
(205
)
(2
)
$
187
$
$
$
187
(1
)
(375
)
(375
)
(2
)
(1)
(2)
Investments in
Marketable
Securities
(Noncurrent)
$
187
(7
)
$
180
Three Months Ended
March 31,
2009
2008
$
(103
)
$
(237
)
(49
)
4
(4
)
(2
)
$
(107
)
$
(284
)
Table of Contents
Table of Contents
Three Months Ended
March 31,
2009
2008
$
1,611
$
1,953
551
657
24
36
305
221
2,491
2,867
378
823
27
(117
)
551
563
632
758
178
178
174
213
131
145
92
104
6
26
62
52
286
315
2,517
3,060
(26
)
(193
)
6
29
(61
)
(52
)
(14
)
(8
)
(69
)
(31
)
(95
)
(224
)
$
(95
)
$
(224
)
Table of Contents
Table of Contents
Three Months Ended
March 31,
2009
2008
$
176
$
(51
)
(134
)
(137
)
(90
)
20
151
3
37
5
52
(48
)
(36
)
(73
)
(104
)
(89
)
(134
)
221
251
(1
)
(3
)
131
114
234
(41
)
1,026
1,940
$
1,260
$
1,899
$
32
$
9
9
45
$
50
$
41
Table of Contents
Table of Contents
Three Months Ended
March 31,
2009
2008
$
5
$
1
26
$
6
$
26
(a)
(b)
(c)
March 31,
December 31,
2009
2008
$
1,835
$
1,674
519
540
47
47
39
39
32
32
2,472
2,332
217
207
77
72
29
29
10
10
70
45
403
363
2,875
2,695
(109
)
(113
)
(407
)
(346
)
$
2,359
$
2,236
Table of Contents
March 31,
December 31,
2009
2008
$
946
$
949
40
36
$
986
$
985
Table of Contents
Three Months Ended
March 31,
2009
2008
$
123
$
249
6
6
418
416
26
22
34
38
25
27
$
632
$
758
Three Months Ended
March 31,
2009
2008
$
197
$
(81
)
(170
)
(36
)
$
27
$
(117
)
Table of Contents
Quoted Prices in
Significant Other
Significant
Active Markets for
Observable
Unobservable
Identical Assets
Inputs
Inputs
Valuation
Fair Value
(Level 1)
(Level 2)
(Level 3)
Technique
$
180
$
$
$
180
(1
)
(205
)
(205
)
(2
)
$
187
$
$
$
187
(1
)
(375
)
(375
)
(2
)
(1)
(2)
Table of Contents
Investments in
Marketable
Securities
(Noncurrent)
$
187
(7
)
$
180
Three Months Ended
March 31,
2009
2008
$
(95
)
$
(224
)
(49
)
4
(4
)
(1
)
$
(99
)
$
(270
)
Table of Contents
Table of Contents
2009
2008
$
1,262
$
1,054
669
726
180
187
$
2,111
$
1,967
Table of Contents
Table of Contents
2009
2008
Percent Change 2009-2008
January
February
March (e)
January
February
March
January
February
March
77.3
82.2
79.6
79.5
76.3
79.1
(2.8
)
7.7
0.6
98.1
99.0
98.1
98.3
98.0
98.5
(0.2
)
1.0
(0.4
)
4.15
3.08
3.46
7.35
6.96
6.93
(43.5
)
(55.7
)
(50.1
)
2.05
1.64
1.11
2.32
2.28
1.96
(11.6
)
(28.1
)
(43.4
)
(a)
(b)
(c)
(d)
(e)
Table of Contents
Table of Contents
Three Months Ended
Percent
March 31,
Change
2009
2008
2009-2008
13,309
14,489
(8.1
)
16,979
18,335
(7.4
)
78.4
79.0
(0.6
) pts
12.10
13.48
(10.2
)
9.49
10.65
(10.9
)
11.05
12.56
(12.0
)
12,409
13,536
(8.3
)
117
126
(6.9
)
347
357
(2.8
)
304
327
(7.2
)
934
937
(0.3
)
1,527
1,517
0.7
258
286
(9.7
)
1.47
2.88
(49.0
)
32,245
34,684
(7.0
)
2,374
2,485
(4.5
)
3,455
3,599
(4.0
)
68.7
69.0
(0.3
) pts
23.22
26.46
(12.2
)
15.95
18.27
(12.7
)
17.48
20.39
(14.2
)
5,978
6,195
(3.5
)
293
291
0.7
81
86
(5.3
)
1.51
2.90
(48.0
)
15,683
16,974
(7.6
)
20,434
21,934
(6.8
)
76.7
77.4
(0.7
) pts
13.79
15.38
(10.4
)
10.58
11.90
(11.1
)
12.02
12.95
(7.2
)
18,387
19,731
(6.8
)
640
648
(1.2
)
339
372
(8.7
)
1.48
2.89
(48.8
)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Table of Contents
(h)
(i)
(j)
(k)
(l)
Compared with the
Three Months Ended March 31, 2008
Percent
2009
2008
Change
(In millions)
$
1,611
$
1,953
(17.5
)
551
657
(16.1
)
24
36
(34.3
)
269
194
39.4
$
2,455
$
2,840
(13.5
)
Table of Contents
Percent
2009
2008
Change
(In millions)
$
378
$
823
(54.0
)
197
(81
)
nm
(170
)
(36
)
nm
551
563
(2.1
)
178
178
174
213
(18.1
)
131
145
(9.6
)
92
104
(10.9
)
6
26
(76.2
)
60
50
19.7
279
317
(12.5
)
1,876
2,302
(18.5
)
123
249
(50.7
)
481
485
(0.7
)
604
734
(17.7
)
$
2,480
$
3,036
(18.3
)
Percent
2009
2008
Change
(In cents)
2.23
4.49
(50.3
)
0.16
(0.64
)
nm
3.24
3.07
5.7
1.04
0.97
7.5
1.03
1.16
(11.6
)
0.77
0.79
(2.4
)
0.54
0.57
(3.8
)
0.04
0.14
(74.3
)
0.35
0.27
29.3
1.65
1.74
(5.5
)
11.05
12.56
(12.0
)
Table of Contents
Table of Contents
Percent
2009
2008
Change
(In millions)
$
6
$
29
(78.0
)
(71
)
(61
)
15.3
(13
)
(9
)
61.0
$
(78
)
$
(41
)
90.2
Table of Contents
Table of Contents
Three Months Ended
Percent
March 31,
Change
2009
2008
2009-2008
13,309
14,489
(8.1
)
16,979
18,335
(7.4
)
78.4
79.0
(0.6
) pts
12.10
13.48
(10.2
)
9.49
10.65
(10.9
)
347
357
(2.8
)
258
286
(9.7
)
1.47
2.88
(49.0
)
2,374
2,485
(4.5
)
3,455
3,599
(4.0
)
68.7
69.0
(0.3
) pts
23.22
26.46
(12.2
)
15.95
18.27
(12.7
)
293
291
0.7
81
86
(5.3
)
1.51
2.90
(48.0
)
15,683
16,974
(7.6
)
20,434
21,934
(6.8
)
76.7
77.4
(0.7
) pts
13.79
15.38
(10.4
)
10.58
11.90
(11.1
)
12.19
13.07
(6.8
)
640
648
(1.2
)
339
372
(8.7
)
1.48
2.89
(48.8
)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Table of Contents
Compared with the
Three Months Ended March 31, 2008
Percent
2009
2008
Change
(In millions)
$
1,611
$
1,953
(17.5
)
551
657
(16.1
)
24
36
(34.3
)
305
221
38.2
$
2,491
$
2,867
(13.1
)
Table of Contents
Percent
2009
2008
Change
(In millions)
$
378
$
823
(54.0
)
197
(81
)
nm
(170
)
(36
)
nm
551
563
(2.1
)
178
178
174
213
(18.1
)
131
145
(9.6
)
92
104
(10.9
)
6
26
(76.2
)
62
52
18.8
286
315
(9.3
)
1,885
2,302
(18.1
)
123
249
(50.7
)
509
509
632
758
(16.7
)
$
2,517
$
3,060
(17.7
)
Table of Contents
Percent
2009
2008
Change
(In millions)
$
6
$
29
(78.0
)
(61
)
(52
)
17.0
(14
)
(8
)
61.2
$
(69
)
$
(31
)
nm
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
S&P
Fitch
Moodys
Local Issuer
Issuer Default
Corporate
credit rating
credit rating
Family rating
B-
CCC
Caa1
B-
*
*
(*)
Table of Contents
Payments Due by Period
2009
2010
2011
2012
2013
Thereafter
Total
$
$
33
$
116
$
99
$
16
$
1,178
$
1,442
38
50
47
41
39
50
265
301
319
292
265
213
1,485
2,875
106
135
151
123
81
396
992
1,917
2,316
2,137
1,540
667
5,327
13,904
766
1,017
1,035
903
771
2,747
7,239
7
2
1
1
1
12
$
3,135
$
3,872
$
3,779
$
2,972
$
1,788
$
11,183
$
26,729
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Table of Contents
December 31, 2008
As Adjusted
As Reported
$
3,623
$
3,634
1,789
1,749
(2,336
)
(2,307
)
Table of Contents
Table of Contents
Table of Contents
Table of Contents
49
50
51
52
53
54
55
56
57
58
59
60
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Exhibit No.
Description
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.9
31.1
31.2
31.3
31.4
32.1
32.2
*
Table of Contents
US Airways Group, Inc. (Registrant)
Date: April 22, 2009
By:
/s/ Derek J. Kerr
Derek J. Kerr
Executive Vice President and
Chief Financial Officer
US Airways, Inc. (Registrant)
Date: April 22, 2009
By:
/s/ Derek J. Kerr
Derek J. Kerr
Executive Vice President and
Chief Financial Officer
Table of Contents
Exhibit No.
Description
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.9
31.1
31.2
31.3
31.4
32.1
32.2
*
**Confidential Treatment Requested.
USA Amendment No. 3 to Amended and Restated Airbus A320 Family Purchase Agreement |
||||
|
||||
PRIVILEGED AND CONFIDENTIAL |
1. |
TERMINATION
|
|
1.1 |
Paragraph 21.1 (6) of the Agreement is revised to read as set forth between the QUOTE and
UNQUOTE below:
|
|
QUOTE
|
(6) |
Except as provided in Paragraph 21.1 (11), the Buyer or any of its respective
Affiliates fails to **.
|
UNQUOTE
|
||
1.2 |
Paragraph 21.1 (9) of the Agreement is revised to read as set forth between the QUOTE and
UNQUOTE below:
|
|
QUOTE
|
(9) |
Except as provided in Paragraph 21.1 (11), the Buyer or any of its Affiliates
defaults in the observance or performance of any other covenant, undertaking or
obligation contained in this Agreement or any other material agreement between the
Buyer or its Affiliates, on the one hand, and the Seller or its Affiliates on the other
hand, provided that, if such breach or default is capable of being cured, and such
breach or default is not cured within any specified cure period, **, and **, and
provided further that if any such covenant, undertaking or obligation is **.
|
||
UNQUOTE
|
1.3 |
New Paragraph 21.1 (11) is added to the Agreement as set forth between the QUOTE and UNQUOTE
below:
|
|
QUOTE
|
(11) |
For so long as any Affiliate of the Seller is a Lender under the Loan Agreement
[Spare Parts], dated as of October 20, 2008 among the Buyer, General Electric Capital
Corporation, as Administrative Agent; General Electric Capital Corporation, as
Collateral Agent; General Electric Capital Corporation as original Lender; and the
Lenders (the
Spares Loan Agreement
), there shall be an Event of Default under
any provision of Section ** (other than an Event of Default arising solely under
Section ** or ** thereof) of the Spares Loan Agreement.
|
||
Capitalized terms used in this Subclause (11) and not otherwise defined in
this Agreement shall have the meaning as set forth in the Spares Loan
Agreement.
|
UNQUOTE
|
**Confidential Treatment Requested.
USA Amendment No. 3 to Amended and Restated Airbus A320 Family Purchase Agreement |
||||
|
||||
PRIVILEGED AND CONFIDENTIAL |
Page 2 of 4
2. |
EFFECT OF AMENDMENT
|
|
2.1 |
Upon execution, this Amendment constitute a valid amendment to the Agreement and the
Agreement will be deemed to be amended to the extent herein provided and, except as
specifically amended hereby, will continue in full force and effect in accordance with its
original terms. This Amendment supersedes any previous understandings, commitments, or
representations whatsoever, whether oral or written, related to the subject matter of this
Amendment.
|
|
2.2 |
Both parties agree that this Amendment will constitute an integral, nonseverable part of the
Agreement, that the provisions of said Agreement are hereby incorporated herein by reference,
and that this Amendment will be governed by the provisions of the Agreement, except that if
the Agreement and this Amendment have specific provisions that are inconsistent, the specific
provisions contained in this Amendment will govern.
|
|
3. |
CONFIDENTIALITY
|
|
This Amendment is subject to the confidentiality provisions set forth in Clause 22.7 of the
Agreement.
|
||
4. |
COUNTERPARTS
|
|
This Amendment may be signed in separate counterparts. Each counterpart, when signed and
delivered (including counterparts delivered by facsimile transmission), will be an original,
and the counterparts will together constitute one and the same instrument.
|
**Confidential Treatment Requested.
USA Amendment No. 3 to Amended and Restated Airbus A320 Family Purchase Agreement |
||||
|
||||
PRIVILEGED AND CONFIDENTIAL |
Page 3 of 4
US AIRWAYS, INC. | AIRBUS S.A.S. | |||||||||
|
||||||||||
By:
|
/s/ Thomas T. Weir
|
By: |
/s/ Christopher Mourey
|
USA Amendment No. 3 to
Amended and Restated Airbus A320 Family Purchase Agreement |
||
PRIVILEGED AND CONFIDENTIAL |
**Confidential Treatment Requested.
USA Airbus A330 Purchase Agreement |
||||
Amendment 3 | CONFIDENTIAL AND PRIVILEGED | |||
|
||||
1. |
TERMINATION
|
|
1.1 |
Paragraph 21.1 (6) of the Agreement is revised to read as set forth between the QUOTE and
UNQUOTE below:
|
|
QUOTE
|
(6) |
Except as provided in Paragraph 21.1 (11), the Buyer or any of its respective
Affiliates fails to **.
|
UNQUOTE
|
||
1.2 |
Paragraph 21.1 (9) of the Agreement is revised to read as set forth between the QUOTE and
UNQUOTE below:
|
|
QUOTE
|
(9) |
Except as provided in Paragraph 21.1 (11), the Buyer or any of its Affiliates
defaults in the observance or performance of any other covenant, undertaking or
obligation contained in this Agreement or any other material agreement between the
Buyer or its Affiliates, on the one hand, and the Seller or its Affiliates on the other
hand, provided that, if such breach or default is capable of being cured, and such
breach or default is not cured within any specified cure period, **, and **, and
provided further that if any such covenant, undertaking or obligation is **.
|
UNQUOTE
|
||
1.3 |
New Paragraph 21.1 (11) is added to the Agreement as set forth between the QUOTE and UNQUOTE
below:
|
|
QUOTE
|
(11) |
For so long as any Affiliate of the Seller is a Lender under the Loan Agreement
[Spare Parts], dated as of October 20, 2008 among the Buyer, General Electric Capital
Corporation, as Administrative Agent; General Electric Capital Corporation, as
Collateral Agent; General Electric Capital Corporation as original Lender; and the
Lenders (the
Spares Loan Agreement
), there shall be an Event of Default under
any provision of Section ** (other than an Event of Default arising solely under
Section ** or ** thereof) of the Spares Loan Agreement.
|
||
Capitalized terms used in this Subclause (11) and not otherwise defined in
this Agreement shall have the meaning as set forth in the Spares Loan
Agreement.
|
**Confidential Treatment Requested.
USA Airbus A330 Purchase Agreement |
||||
Amendment 3 | CONFIDENTIAL AND PRIVILEGED |
2/4
2. |
EFFECT OF AMENDMENT
|
|
2.1 |
Upon execution, this Amendment will constitute a valid amendment to the Agreement and the
Agreement will be deemed to be amended to the extent herein provided and, except as
specifically amended hereby, will continue in full force and effect in accordance with its
original terms. This Amendment supersedes any previous understandings, commitments or
representations whatsoever, whether oral or written, related to the subject matter of this
Amendment.
|
|
2.2 |
Both parties agree that this Amendment will constitute an integral, nonseverable part of the
Agreement, that the provisions of the Agreement are hereby incorporated herein by reference,
and that this Amendment will be governed by the provisions of the Agreement, except that if
the Agreement and this Amendment have specific provisions that are inconsistent, the specific
provisions contained in this Amendment will govern.
|
|
3. |
CONFIDENTIALITY
|
|
This Amendment is subject to the confidentiality provisions set forth in Clause 22.7 of the
Agreement.
|
||
4. |
COUNTERPARTS
|
|
This Amendment may be signed in any number of separate counterparts. Each counterpart, when
signed and delivered (including counterparts delivered by facsimile transmission), will be
an original, and the counterparts will together constitute one and the same instrument.
|
**Confidential Treatment Requested.
USA Airbus A330 Purchase Agreement |
||||
Amendment 3 | CONFIDENTIAL AND PRIVILEGED |
3/4
US AIRWAYS, INC. | AIRBUS S.A.S. | |||||||||
|
||||||||||
By:
|
/s/ Thomas T. Weir
|
By: |
/s/ Christopher Mourey
|
USA Airbus A330 Purchase Agreement | ||||
Amendment 3 | CONFIDENTIAL AND PRIVILEGED |
4/4
**Confidential Treatment Requested.
USA Airbus A350 XWB Purchase Agreement Amendment 2 |
CONFIDENTIAL AND PRIVILEGED |
1. |
TERMINATION
|
|
1.1 |
Paragraph 21.1 (6) of the Agreement is revised to read as set forth between the QUOTE and
UNQUOTE below:
|
(6) |
Except as provided in Paragraph 21.1 (11), the Buyer or any of its respective
Affiliates fails to **.
|
1.2 |
Paragraph 21.1 (9) of the Agreement is revised to read as set forth between the QUOTE and
UNQUOTE below:
|
(9) |
Except as provided in Paragraph 21.1 (11), the Buyer or any of its Affiliates
defaults in the observance or performance of any other covenant, undertaking or
obligation contained in this Agreement or any other material agreement between the
Buyer or its Affiliates, on the one hand, and the Seller or its Affiliates on the other
hand, provided that, if such breach or default is capable of being cured, and such
breach or default is not cured within any specified cure period, ** and ** and provided
further that if any such covenant, undertaking or obligation is **.
|
UNQUOTE
|
**Confidential Treatment Requested.
USA Airbus A350 XWB Purchase Agreement Amendment 2 |
CONFIDENTIAL AND PRIVILEGED |
2/5
1.3 |
New Paragraph 21.1 (11) is added to the Agreement as set forth between the QUOTE and UNQUOTE
below:
|
(11) |
For so long as any Affiliate of the Seller is a Lender under the Loan Agreement
[Spare Parts], dated as of October 20, 2008 among the Buyer, General Electric Capital
Corporation, as Administrative Agent; General Electric Capital Corporation, as
Collateral Agent; General Electric Capital Corporation as original Lender; and the
Lenders (the
Spares Loan Agreement
), there shall be an Event of Default under
any provision of Section ** (other than an Event of Default arising solely under
Section ** or ** thereof) of the Spares Loan Agreement.
|
||
Capitalized terms used in this Subclause (11) and not otherwise defined in
this Agreement shall have the meaning as set forth in the Spares Loan
Agreement.
|
2. |
EFFECT OF AMENDMENT
|
|
2.1 |
Upon execution, this Amendment will constitute a valid amendment to the Agreement and the
Agreement will be deemed to be amended to the extent herein provided and, except as
specifically amended hereby, will continue in full force and effect in accordance with its
original terms. This Amendment supersedes any previous understandings, commitments or
representations whatsoever, whether oral or written, related to the subject matter of this
Amendment.
|
|
2.2 |
Both parties agree that this Amendment will constitute an integral, nonseverable part of the
Agreement, that the provisions of the Agreement are hereby incorporated herein by reference,
and that this Amendment will be governed by the provisions of the Agreement, except that if
the Agreement and this Amendment have specific provisions that are inconsistent, the specific
provisions contained in this Amendment will govern.
|
**Confidential Treatment Requested.
USA Airbus A350 XWB Purchase Agreement Amendment 2 |
CONFIDENTIAL AND PRIVILEGED |
3/5
3. |
CONFIDENTIALITY
|
|
This Amendment is subject to the confidentiality provisions set forth in Clause 22.7 of the
Agreement.
|
||
4. |
COUNTERPARTS
|
|
This Amendment may be signed in any number of separate counterparts. Each counterpart, when
signed and delivered (including counterparts delivered by facsimile transmission), will be
an original, and the counterparts will together constitute one and the same instrument.
|
**Confidential Treatment Requested.
USA Airbus A350 XWB Purchase Agreement Amendment 2 |
CONFIDENTIAL AND PRIVILEGED |
4/5
US AIRWAYS, INC. | AIRBUS S.A.S. | |||||||||
|
||||||||||
By:
|
/s/ Thomas T. Weir
|
By: |
/s/ Christopher Mourey
|
**Confidential Treatment Requested.
USA Airbus A350 XWB Purchase Agreement Amendment 2 |
CONFIDENTIAL AND PRIVILEGED |
5/5
Additional | Contractual Delivery | |||||||
Aircraft # | Month | Block # | ||||||
26
**
|
** | |||||||
27
|
** | |||||||
28
|
** | ** | ||||||
29
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** | |||||||
30
|
** | |||||||
31
**
|
** | |||||||
32
|
** | |||||||
33
|
** | ** | ||||||
34
|
** | |||||||
35
|
** | |||||||
36
**
|
** | |||||||
37
|
** | |||||||
38
|
** | ** |
Amendment No. 7 to the Amended and Restated Purchase Agreement DCT-021/03 | ||
**Confidential Treatment Requested. |
Additional | Contractual Delivery | |||||||
Aircraft # | Month | Block # | ||||||
39
|
** | |||||||
40
|
** | |||||||
41
**
|
** | |||||||
42
|
** | |||||||
43
|
** | ** | ||||||
44
|
** | |||||||
45
|
** | |||||||
46
**
|
** | |||||||
47
|
** | |||||||
48
|
** | ** | ||||||
49
|
** | |||||||
50
|
** | |||||||
51
**
|
** | |||||||
52
|
** | |||||||
53
|
** | ** | ||||||
54
|
** | |||||||
55
|
** | |||||||
56
**
|
** | ** | ||||||
57
|
** |
Option | ||||
Aircraft # | Contractual Delivery Month | |||
1
|
** | |||
2
|
** | |||
3
|
** | |||
4
|
** | |||
5
|
** | |||
6
|
** | |||
7
|
** | |||
8
|
** | |||
9
|
** | |||
10
|
** | |||
11
|
** | |||
12
|
** | |||
13
|
** | |||
14
|
** |
Amendment No. 7 to the Amended and Restated Purchase Agreement DCT-021/03 | ||
**Confidential Treatment Requested. |
Page 2 of 3
Option | ||||
Aircraft # | Contractual Delivery Month | |||
15
|
** | |||
16
|
** | |||
17
|
** | |||
18
|
** | |||
19
|
** | |||
20
|
** |
EMBRAER Empresa Brasileira de Aeronáutica S.A. | US Airways Group, Inc. | |||||||
|
||||||||
By:
|
/s/ Artur Coutinho | By: | /s/ Thomas T. Weir | |||||
|
||||||||
|
Name: Artur Coutinho
Title: Executive Vice President of |
Name: Thomas T. Weir
Title: Vice President and Treasurer |
||||||
|
||||||||
Industrial Operations | ||||||||
|
||||||||
By:
|
/s/ Flavio Rimoli | Date: January 14, 2009 | ||||||
|
||||||||
|
Name: Flavio Rimoli
Title: Executive Vice President and General Counsel |
Place: Tempe, Arizona | ||||||
|
||||||||
Date: January 15, 2009 | ||||||||
Place:
Sao Jose Dos Campos, Brazil
|
Witness:
|
/s/ Carlos Martins Dutra
|
Witness: |
/s/ David Lin
|
Amendment No. 7 to the Amended and Restated Purchase Agreement DCT-021/03 | ||
**Confidential Treatment Requested. |
Page 3 of 3
CONFIDENTIAL | EXECUTION COPY |
CONFIDENTIAL | EXECUTION COPY |
(i) |
US Airways Groups Unrestricted
Cash shall be equal to or greater than $1.5 billion as measured
at the end of each month
and
** pre-tax income
(excluding special items) measured ** (
Income Test
); provided,
however, for the months of January 2009 and February 2009, US
Airways Groups Unrestricted Cash shall be equal to or greater
than $1.4 billion and $1.45 billion, respectively **.
|
||
For the purposes of this
Section 14.3.1(i)
, the
calculation of Unrestricted Cash will include Collateral for
fuel hedge contracts **. By way of example, if October is
being measured for Novembers Subsequent Purchase, US Airways
Groups Unrestricted Cash (including the fuel hedge
contracts) will be measured as of October 31
st
**.
|
|||
If US Airways Groups Unrestricted Cash falls below $1.5
billion in any month (other than January 2009 and February
2009) but the Income Test is met, then Juniper Bank will be
required to purchase the additional Pre-Purchased Miles for
such month **.
|
|||
By way of example, if US Airways Groups Unrestricted Cash
falls below $1.5 billion in May but the Income Test is met,
then Juniper Bank will purchase the additional Pre-Purchased
Miles for such month. **.
|
|||
(ii) |
No Suspension Event has occurred
in the month being measured.
|
||
(iii) |
No Early Payment Event has
occurred in the month being measured.
|
||
(iv) |
No material change shall have
occurred to the ** card benefits as set forth in
Exhibit
E
, except as permitted pursuant to such
Exhibit E
.
|
2
CONFIDENTIAL | EXECUTION COPY |
(v) |
No merger of US Airways Group has
occurred pursuant to
Section 4.9
.
|
||
(vi) |
US Airways Group shall have
complied with the reporting requirements set forth in
Section 17
for the month being measured.
|
3
CONFIDENTIAL | EXECUTION COPY |
US AIRWAYS GROUP, INC. |
BARCLAYS BANK DELAWARE
Formerly known as JUNIPER BANK |
|||||||||
|
||||||||||
By:
|
/s/ Derek J. Kerr
|
By: |
/s/ Lloyd M. Wirshba
|
|||||||
|
Title: Executive Vice President
and Chief Financial Officer |
Title: CEO |
2
3
4
US AIRWAYS, INC.
|
||||
By: | /s/ Thomas T. Weir | |||
Name: | Thomas T. Weir | |||
Title: | Vice President and Treasurer | |||
GENERAL ELECTRIC CAPITAL CORPORATION
as the Administrative Agent, Collateral Agent and Original Lender |
||||
By: | /s/ David J. Lloyd, Jr. | |||
Name: | David J. Lloyd, Jr. | |||
Title: | Vice President |
-S-
2
US AIRWAYS, INC.
|
||||
By: | /s/ Stephen L. Johnson | |||
Name: | Stephen L. Johnson | |||
Title: | Executive Vice President Corporate and General Counsel | |||
GENERAL ELECTRIC CAPITAL CORPORATION
as the Administrative Agent, Collateral Agent and Original Lender |
||||
By: | /s/ Ricardo B. Silva | |||
Name: | Ricardo B. Silva | |||
Title:
** |
Vice President |
2
3
4
Exhibit 31.1
CEO CERTIFICATION
I, W. Douglas Parker, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q
of US Airways Group, Inc.;
2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading with respect to the period covered by
this report;
3. Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s)
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control
over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of
the registrant’s disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on
such evaluation; and
(d) Disclosed in this report any
change in the registrant’s internal control over financial reporting that occurred during the registrant’s
most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant’s internal control over
financial reporting; and
5. The registrant’s other certifying officer(s)
and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing
the equivalent functions):
(a) All significant deficiencies and
material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not
material, that involves management or other employees who have a significant role in the registrant’s internal
control over financial reporting.
Date: April 22, 2009
/
s/ W. Douglas
Parker
Name: W. Douglas Parker
Title: Chief Executive Officer
Exhibit 31.2
CFO CERTIFICATION
I, Derek J. Kerr, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q
of US Airways Group, Inc.;
2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading with respect to the period covered by
this report;
3. Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s)
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control
over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of
the registrant’s disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on
such evaluation; and
(d) Disclosed in this report any
change in the registrant’s internal control over financial reporting that occurred during the registrant’s
most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant’s internal control over
financial reporting; and
5. The registrant’s other certifying officer(s)
and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing
the equivalent functions):
(a) All significant deficiencies and
material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not
material, that involves management or other employees who have a significant role in the registrant’s internal
control over financial reporting.
Date: April 22, 2009
/
s/ Derek J.
Kerr
Name: Derek J. Kerr
Title: Chief Financial Officer
Exhibit 31.3
CEO CERTIFICATION
I, W. Douglas Parker, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q
of US Airways, Inc.;
2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading with respect to the period covered by
this report;
3. Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s)
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control
over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of
the registrant’s disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on
such evaluation; and
(d) Disclosed in this report any
change in the registrant’s internal control over financial reporting that occurred during the registrant’s
most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant’s internal control over
financial reporting; and
5. The registrant’s other certifying officer(s)
and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing
the equivalent functions):
(a) All significant deficiencies and
material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not
material, that involves management or other employees who have a significant role in the registrant’s internal
control over financial reporting.
Date: April 22, 2009
/
s/ W. Douglas
Parker
Name: W. Douglas Parker
Title: Chief Executive Officer
Exhibit 31.4
CFO CERTIFICATION
I, Derek J. Kerr, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q
of US Airways, Inc.;
2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading with respect to the period covered by
this report;
3. Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s)
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control
over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of
the registrant’s disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on
such evaluation; and
(d) Disclosed in this report any
change in the registrant’s internal control over financial reporting that occurred during the registrant’s
most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant’s internal control over
financial reporting; and
5. The registrant’s other certifying officer(s)
and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing
the equivalent functions):
(a) All significant deficiencies and
material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not
material, that involves management or other employees who have a significant role in the registrant’s internal
control over financial reporting.
Date: April 22, 2009
/
s/ Derek J.
Kerr
Name: Derek J. Kerr
Title: Chief Financial Officer
Exhibit 32.1
Certification of CEO and CFO Pursuant to
18 U.S.C.
Section 1350,
as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report on Form 10-Q of US Airways Group, Inc. (the Company) for the quarterly period ended March 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the Report), W. Douglas Parker, as Chief Executive Officer of the Company, and Derek J. Kerr, as Chief Financial Officer of the Company, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
/
s/ W. Douglas
Parker
Name: W. Douglas Parker
Title: Chief Executive Officer
Date: April 22, 2009
/
s/ Derek J.
Kerr
Name: Derek J. Kerr
Title: Chief Financial Officer
Date: April 22,
2009
This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
Exhibit 32.2
Certification of CEO and CFO Pursuant to
18 U.S.C.
Section 1350,
as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report on Form 10-Q of US Airways, Inc. (the Company) for the quarterly period ended March 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the Report), W. Douglas Parker, as Chief Executive Officer of the Company, and Derek J. Kerr, as Chief Financial Officer of the Company, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
/
s/ W. Douglas
Parker
Name: W. Douglas Parker
Title: Chief Executive Officer
Date: April 22, 2009
/
s/ Derek J.
Kerr
Name: Derek J. Kerr
Title: Chief Financial Officer
Date: April 22,
2009
This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.